Bitcoin Forum
May 24, 2024, 06:53:50 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: I have a question about all those new altcoins  (Read 410 times)
pikuchato (OP)
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


Activity: yes


View Profile
February 02, 2014, 01:13:58 AM
 #1

Lets take JesusCoin for example.

This coin has a desired name but will probably die in few days and be forgotten in one week.

Now lets say, some big church make a new coin named exactly the same somewhere in the future,
The new coin get very popular and everybody now this coin as JesusCoin.

In this case, the old blockchain will just become a useless and worthless ?
So the community is the one who decide who called what? because if not I quite understand why a new coin is created every hour, its like a name reservation.

Please explain Smiley
peterlustig
Sr. Member
****
Offline Offline

Activity: 812
Merit: 250


The Fourth Generation of Blockchain in DeFi


View Profile
February 02, 2014, 01:26:21 AM
 #2

The old blockchain would only be valid if the church used a client with the same parameters and the same genesis block, basically reviving the coin.




`````````▄▄▄▄▄▄▄
`````▄█████████████▄
```███████▀▀█▀▀███████
``████████``█``████████
`██████``````````▀██████
█████████```████```██████
█████████`````````███████
█████████```████▄``▀█████
█████████```████▀```█████
`██████```````````▄█████
``████████``█``████████
```███████▄▄█▄▄███████
`````▀█████████████▀
`````````▀▀▀▀▀▀▀

```````▄▄▄▄▄▄▄▄▄▄▄
```███████████████████
```````▀▀▀▀▀▀▀▀▀▀▀
DRK Defi






The Fourth Generation Of Blockchain
                             In Decentralized Finance






Draken Exchange
     DrakenX






Facebook
     Twitter








`````````▄▄▄▄▄▄▄
`````▄█████████████▄
```███████████████████
``█████████████████████
`████████████▀▀▀`````███
████████▀▀▀````▄█````████
████▀▀``````▄██▀````▄████
███▄▄`````███▀``````█████
███████``██`````````█████
`███████`▐`````````█████
``███████▐`████▄▄`▄████
```███████▄███████████
`````▀█████████████▀
`````````▀▀▀▀▀▀▀

```````▄▄▄▄▄▄▄▄▄▄▄
```███████████████████
```````▀▀▀▀▀▀▀▀▀▀▀

.Telegram.
Channel
pikuchato (OP)
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


Activity: yes


View Profile
February 02, 2014, 01:28:37 AM
 #3

The old blockchain would only be valid if the church used a client with the same parameters and the same genesis block, basically reviving the coin.

And correct me if I'm wrong.. the church have no reason to revive an old coin while all the support will come to the new coin (?)

The church is just an example, you can take Apple and iCoin for example.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!